Home Restaurant Free Restaurant Business Plan Templates 4.18 Consumer Expenditure on Food Away from Home by Race Analysis Template
4.18 Consumer Expenditure on Food Away from Home by Race Analysis Template
What is the use of the Annual Spending by Race analysis template in a business plan for a Full Service Restaurant?
The Annual Spending by Race analysis template is an excellent tool in the business plan for a small business like A Touch of Tuscany It gives the reader of the plan and a business owner like Jack Gordon the ability to see both graphically as well as in table format, the annual amount spent by folks of the White, Black and Asian races nationally, on the products and services offered by the industry that the small business is in.
We recommend that even if the data for the exact industry category is not be available for a particular business plan, one should use the data that corresponds to the nearest category of product or service offered by the small business to conduct this analysis. Thus for example if you are in the fast food business and the only data you can get on the Annual spending by race is the data for spending on food in general - use the later and complete the analysis.
For the purpose of this analysis the following categories of data have been used:
- Average annual spending on the the product or services offered by an Full Service Restaurant or similar industry segment by folks classified as White or Other Race.
- Average annual spending on the product or services offered by a Full Service Restaurant or similar industry segment by folks classified as Black Race.
- Average annual spending on the product or services offered by a Full Service Restaurant or similar industry segment by folks classified as Asian Race.
Free-Restaurant-Business-Plan-Image-109.pngWhat is the data source for the Annual Consumer Spending by Race analysis for A Touch of Tuscany in Westchester County, New York?
The data source for the Annual Consumer Spending by race analysis for A Touch of Tuscany comes from the Bureau of Labor Statistics site available at www.bls.gov. We highly recommend that all small business plans for the Full Service Restaurant include an annual spending by race analysis. The Bureau of Labor Statistics produces tons of data that can be invaluable to a small business owner like Jack Gordon who are in the process of writing their business plans. Some of the key data provided by the folks at the BLS are listed below.
What is the cost of the data for Annual Spending by Race analysis for Full Service Restaurant in Westchester County, New York?
The data for Annual Spending by Race is available completely free from the Bureau of Labor Statistics website at www.bls.gov and is paid for by your tax dollars. Most government agencies request however that if you decide to use their data, that you give them a mention by letting your readers know the source of the data.
What calculations go into the production of this template on Annual Spending by Race analysis for A Touch of Tuscany?
There are no manual calculations that you have to endure - just go to the Bureau of Labor Statistics website, download the data, paste it or enter it into the template and the chart will be updated automatically. Just punch in the data and our templates will do the rest. Click on the output tab from where you can copy and paste the finished template into a word document.Quick Links:
- Go to the Corresponding Questionnaire section for this industry.
- Go to the Corresponding Business Plan section for this industry.
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